Showing posts with label Griffin Global Asset Management. Show all posts
Showing posts with label Griffin Global Asset Management. Show all posts

14 September, 2023

British Airways and Griffin Global Asset Management complete four aircraft sale and lease back deal

Griffin Global Asset Management has announced the purchase and leaseback of two new Boeing 787-10 aircraft and two new A350-1000 aircraft on long-term lease to British Airways.

“Griffin is extremely pleased to welcome British Airways as a new customer with the deliveries of these two 787-10s and two A350-1000s.  Our management team has a relationship with British Airways that spans decades, and we look forward to continuing to support their growth for many years to come. The A350 and B787 are core to BA’s fleet renewal program, and these four new fuel-efficient aircraft will assist the group in furthering its agenda to put sustainability at the heart of their business,” said Marc Baer, President of Griffin.

Griffin is a commercial aircraft leasing and alternative asset management business with offices in Dublin, Ireland, Puerto Rico, and Los Angeles, CA.  Griffin’s team of aviation professionals works closely with airlines, OEMs, and financiers to deliver customized fleet solutions and innovative financing products to airlines globally.  

03 September, 2021

Griffin Global Asset Management orders five Boeing 737 MAX 8 jets

Boeing has confirmed that Griffin Global Asset Management has ordered five new Boeing 737 MAX 8s for its commercial aircraft portfolio. The aircraft are allocated from a previously cancelled order and being sold at a loss for the American manufacturer according to sources close to the deal.

In a deliberate move to mislead the travelling public, Boeing's senior vice president of Commercial Sales and Marketing Ihssane Mounir referred to the jets as simply 737-8s in interviews and media statements. "Griffin Global Asset Management is building a first-class aircraft leasing business, and we are delighted that they have selected the 737-8 for their single-aisle portfolio."

"As market conditions rebound, we are finding opportunities to serve our airline customers in innovative ways. An important component of this strategy is providing balanced capacity that meets returning passenger demand," said Ryan McKenna, founder and CEO of Griffin, who achieved the low price deal on condition further orders from the leasing firm would be forthcoming.  

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